Month: June 2009

4:00pm Tuesday 30 June 2009 PSEi 2437.99 (-1.218%) PHP/$ 48.13 To say that the Philippine stock market declined by 30.06 points today would not be accurate at all. The market opened strong moving up 14 points from yesterday’s close taking its cue from the strong Wall Street performance. Read More

From the time the fund was launched in October 12, 2005 to the present, the Save & Learn Equity Fund (SALEF) has consistently outperformed all the equity mutual funds in the Philippine mutual fund industry. This is testament to FAMI’s capability to create value not just during the good times, but at all times. Read More

6:00pm Monday 29 June 2009 PSEi – 2468.05 (-0.378%) As expected, there was nothing to drive prices higher. The market is very rational at this point. The stocks that moved a tick higher were those that are in the lower region of their trading range. Those that have become expensive Read More

7:00am Monday June 29, 2009 Since it is the start of the week, let us review Philippine stock market action over the last 2 weeks and put things in perspective. This market peaked on Monday, June 16 with the PSEi hitting an intra-day high of 2626 and closed the Read More

4:00pm Thursday June 25, 2009 PSEi 2467.56 (+2.14%) PHP/US$ 48.20 I was away yesterday to do some personal errands. When I came home and checked the PSE website in the afternoon, I saw that the market had rebounded 45 points, although it did not impress me because it lacked volume. Read More

12:15 pm Tuesday June 23, 2009 PSEi – 2370.06 (-1.73%) Philippine stocks are down almost 42 points today, but somehow, it does not bother me much. Maybe it’s because I am still a buyer at this point. Like many skeptics, I did not fully commit myself to the rally thinking that there would Read More

9:15am Tuesday June 23, 2009 ( the Philippine Stock Exchange has not yet opened) More on Philippine stocks as gloomy news abound overnight in the U.S. There are more Americans out of work today than there has ever been in the last 25 years with the unemployment rate at 9.4%. That’s not the gloom yet. Read More

6:30pm Monday June 22, 2009 PSEi – 2411.88 PHP/$ – 48.47 I think what is most revealing in today’s trading in Philippine stocks is the absence of volume. Over the last couple of weeks, we were trading anywhere from 3 to 4 billion. A bad day was 2.5 billion in volume recently. So we ended up Read More

12:07 am Friday June 19, 2009 PSEi – 2434.26 US$/PHP 48.50 Yesterday, Philippine stocks was again lower. That makes it 3 consecutive down days and a total of 178.59 since Monday. Don’t let the numbers deceive you because at one point during the session, the market was up 27 points. Read More